FX.co ★ Modèles réels. Analyse technique et recommandations de trading

The Double Bottom pattern has been formed on EURNZD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 2.0340 is broken. The further movements will rely on the width of the current pattern 12 points.

The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 2.0350; the lower boundary is 2.0340. The width of the pattern is 11 points. In case of a break of the upper boundary 2.0350, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on EURNZD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 2.0371 is broken. The further movements will rely on the width of the current pattern 17 points.

According to the chart of M5, EURNZD formed the Head and Shoulders pattern. The Head’s top is set at 1.9461 while the median line of the Neck is found at 1.9436/1.9439. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURNZD will go towards 1.9424.

According to the chart of M5, EURNZD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.9414/1.9424 whereas the upper border goes across 1.9431/1.9424. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURNZD will breach the upper border to head for 1.9439.